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China EV sales drop 16% in August

Bloomberg Chinese electric-car sales fell for a second straight month after the government scaled back subsidies, the latest sign that one of the final pillars of strength in the world’s largest automobile market is crumbling. Sales of new energy vehicles — all-electric, fuel-celled autos and plugin hybrids — declined 16 percent from a year earlier to 85,000 units in August, ...

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US firms in China reject Trump’s trade war tactics

Bloomberg US companies on the front line of the trade war are increasingly pessimistic about President Donald Trump’s strategy to boost their sales in the Chinese market, according to a new survey by a leading business organisation. Of the 333 members taking part in an annual survey by the American Chamber of Commerce in Shanghai, 75 percent said they opposed ...

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Hong Kong protests scare away 90% of mainland tour groups

Bloomberg The protests in Hong Kong, now in their 15th week, continue to impact the city’s tourism industry and in particular visitors from mainland China, who are usually its biggest group of tourists. The number of Chinese group tours to the city fell 90 percent compared to a year ago in the first ten days of September, according to data ...

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